Wednesday, May 23, 2018
10:18:20 PM EDT

Lookout Below

by
Jim Brown

After the bell, a new trade attack on China has crashed the futures. The president ordered the Commerce Dept to investigate auto imports as a threat to national security. The news broke after the bell and the S&P futures are down over 10 points. This is an escalation of the trade war with China and one that could become very troublesome. This is likely to trigger additional trade policies from China and reactivate the entire trade war scenario. With the market already unsteady I see no reason to add new positions today.

New positions are only added on Wednesday and Saturday except in special circumstances. NEW BULLISH Plays